""You'll put in €30,000, but you'll end up with about €41,500." Personal finance columnist Sinead Ryan doesn't mince her words when it comes to the potential power of child benefit, if it's saved strategically. On the latest episode of Money Talks, she explains to Katie Byrne why this €140 monthly payment is one of the most misunderstood parts of family finances. For some households, it's essential income. For others, it becomes a missed opportunity simply because life with children is expensive, chaotic"
"But for parents who can put even part of it aside, Ryan outlines how time, consistency and compound growth can turn a modest monthly amount into a substantial 18-year fund. She explores everything from deposit accounts to unit-linked investment products, the pros and cons of risk, and why choosing a bank other than the one you use daily might be the smartest move of all."
A €140 monthly child benefit can be saved strategically to build a substantial fund over 18 years. Consistent saving of that amount can convert roughly €30,000 of contributions into about €41,500 through compound growth. Time and consistency amplify returns; riskier unit-linked investment products may offer higher growth but carry volatility compared with deposit accounts. Choosing a separate savings bank can protect funds from everyday spending impulses. Parents should ask practical questions early about future education costs such as CAO forms, textbooks, and student accommodation. It is never too late to start saving, even for secondary-school-aged children. This content is informational and not investment advice.
Read at Irish Independent
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